Tech Company Financing Transactions
Motive Drilling Technologies Funding Round
Motive Drilling Technologies, based in Dallas, secured $10.5 million in funding from Formation 8, GE Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/18/2016
Transaction Type
Venture Equity
Amount
$10,500,000
Round
Series A
Investors
Formation 8 (Lead Investor)
GE Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand deployment of its solutions.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1807 Ross Ave. 460
Dallas, TX 75201
USA
Dallas, TX 75201
USA
Phone
Website
Email Address
Overview
MOTIVE Drilling Technologies is a company defined by a singular focus: providing unique disruptive technologies and services that lower the cost and improve the accuracy and performance of drilling operations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Todd Benson
VP - Bus. Development
William Chmela
VP - Engineering
Richard Kulavik
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